Why Ukraine’s ports are vital for global food prices

By | May 26, 2022

Laura Wellesley writes:

The blockade of Ukraine’s ports is choking critical supplies of crops to the world and risks tipping vulnerable populations in developing countries closer to famine. Before the invasion, Ukraine and Russia were together supplying 100 per cent of Somalia’s wheat imports, 80 per cent of Egypt’s and 75 per cent of Sudan’s.

Global food prices have reached all-time highs since Russia’s invasion and households in countries across the world are suffering the consequences. Humanitarian agencies are struggling not only to reach those suffering from an acute lack of basic supplies in Ukraine itself, but to maintain their operations in other parts of the world as food and energy prices skyrocket.

The impact of the invasion on global food security are set to worsen significantly. Ukraine’s fields would usually be harvested in June and July, with exports continuing throughout the second half of the year. The United Nations (UN) expects up to 30 per cent of the usual crop to go either unplanted or unharvested with many having been forced to fight or to abandon their land, and others struggling to access fertiliser and fuel for farm machinery. [Continue reading…]

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